The aviation industry has a significant role to play in the quest for a net-zero future. Power-to-liquid (PtL) fuel, made from captured CO2 and renewable electricity from green energy sources such as solar and wind, could be key in the sector’s efforts toward sustainability, according to McKinsey senior partner Bernd Heid and colleagues. Annual jet fuel demand is expected to reach 500 million metric tons (Mt) by 2050. By that time, demand for PtL could reach 280 Mt—with about $4 trillion needed in capital to meet those needs.
To read the article, see “Clean skies for tomorrow: Delivering on the global power-to-liquid ambition,” August 25, 2022.